AICPIN for the Month of February 2021

AICPIN for the Month of February 2021 increased to 119.0 points compared to 118.2 points for January, 2021.

In percentage terms, it went up by 0.68% w.r.t. previous month mainly due to Food & Beverages, Fuel & Light and Miscellaneous groups. During the period, increase in prices of items like Milk, Mustard Oil, Soyabean Oil, Sunflower Oil, Apple, Mango, Orange, Lady Finger, Onion, Parval, Served & Processed Packaged Food, Barber Charges, Cooking Gas, Petrol, etc. had significant impact.

Inflation for February, 2021 went up to 4.48 per cent compared to 3.15 per cent for previous month. Similarly, Food inflation also rose to 4.64 per cent from 2.38 per cent in the previous month.

The All-India CPI-IW for February, 2021 increased by 0.8 points and stood at 119.0 (one hundred nineteen and point zero). On 1-month percentage change, it increased by 0.68 per cent with respect to previous month as against a decline of 0.61 per cent between corresponding months a year ago.

The maximum upward pressure in current index came from Fuel & Light group contributing 0.31 percentage points to the total change. It was further supplemented by Miscellaneous and Food & Beverages groups contributing 0.23 and 0.21 percentage points respectively to total rise. At item level, Milk, Mustard Oil, Soyabean Oil, Sunflower Oil, Apple, Mango, Orange, Lady Finger, Onion, Parval, Served & Processed Packaged Food, Cooking Gas, Barber Charges, Petrol, etc. are responsible for the rise in index. However, this increase was checked by items like Rice, Potato, Tomato, Eggs-Hen, Cabbage, Ginger, etc. putting downward pressure on the index.

At centre level, Madurai recorded the maximum increase of 4.0 points. Among others, 3 centres observed an increase between 3 to 3.9 points, 7 centres between 2 to 2.9 points, 22 centres between 1 to 1.9 points and 34 centres between 0 to 0.9 points. On the contrary, Labac-Silchar and Kolkata recorded a decrease of 2.4 and 2.0 points respectively. Among others, 5 centres observed a decline between 1 to 1.9 points and 14 centres between 0 to 0.9 points.

Year-on-year inflation for the month stood at 4.48 per cent compared to 3.15 per cent for the previous month and 6.84 per cent during the corresponding month of the previous year. Similarly, Food inflation stood at 4.64 per cent against 2.38 per cent of the previous month and 8.33 per cent during the corresponding month a year ago.

Union Minister of State (I/c) for Labour and Employment Shri Santosh Kumar Gangwar has welcomed the increase in the Index saying, the rise in index will result into increase wages of working class population by way of increase in dearness allowance payable to them. He said, the rise in inflation reported during February, 2021 is mainly due to rise in prices of items like Milk, Mustard Oil, Soyabean Oil, Sunflower Oil, Apple, Mango, Orange, Lady Finger, Onion, Parval, Served & Processed Packaged Food, Barber Charges, Cooking Gas, Petrol, etc.

Director General of Labour Bureau Shri PD P S Negi said, the rise in inflation during February, 2021 has been observed across the board in respect of various price indices released by other Government agencies.

The Labour Bureau, an attached office of the M/o Labour & Employment, has been compiling Consumer Price Index for Industrial Workers every month on the basis of retail prices collected from 317 markets spread over 88 industrially important centres in the country. The index is compiled for 88 centres and All-India and is released on the last working day of succeeding month. The index for the month of February, 2021 is being released in this press release.

The next issue of CPI-IW for the month of March, 2021 will be released on Friday 30th April, 2021. The same will also be available on the office website www.labourbureaunew.gov.in.

View the Press release